The commission merchant shall accept the management and supervision of the competent department and the supervision committee of Shenzhen Nonferrous Metals Exchange. Chapter II Consignors and Futures Brokers Article 6 Consignors refer to intermediary service agencies established in accordance with these Provisions and the Provisions on the Administration of Special Futures Trading Zones and acting as agents for all parties to futures trading. Article 7 The establishment of China Merchants Bank shall be approved by the competent authority, registered with Shenzhen Administration for Industry and Commerce, and can only be started after obtaining the Business License of Enterprise as a Legal Person. Article 8 An application for establishing a special merchant shall meet the following conditions:
1. It has a fixed business place and necessary facilities;
2. The registered capital is not less than 8 million yuan;
(3) Having a sound organizational structure and system;
Four, there are more than eight employees, of which more than three shall obtain the qualification certificate of futures broker;
5. The applicant has a good business record. Article 9 The articles of association shall be formulated for the establishment of an agency bank, and the following items shall be specified:
1. Name, domicile and business address of the commission agent;
2. Registered capital;
3. Business form and business scope;
Fourth, the form of responsibility;
5. Name and address of the legal representative;
Sixth, the establishment of the organization;
7. Financial, accounting and auditing systems;
Eight. Other items that need to be included. Article 10 To apply for the establishment of a special merchant, the following materials shall be submitted to the competent authority:
1. Application report;
Two, the preparation plan (including the main office, registered capital, mode of operation, business scope, legal representative and main business personnel and their qualifications);
3. Credit certificate;
Four. Draft articles of association Article 11 China Merchants Bank, established with the approval of the competent authority, shall, within 30 days from the date of receipt of the approval documents, register as an enterprise legal person with the approval documents and relevant materials.
China Merchants Bank, established upon approval, has a term of four years. If it is necessary to extend the investment promotion period, China Merchants Bank shall, three months before the expiration of the operation period, apply to the competent authority for extension in accordance with these Provisions, and the competent authority shall make a reply on whether to approve the extension within 15 days from the date of receiving the application. Article 12 A futures commission merchant shall regularly submit business reports on futures trading as an agent and on its own account to the competent authority. When the competent authority deems it necessary, it has the right to consult the business records and account books of commission agents at any time. Article 13 Non-ferrous metal futures broker (hereinafter referred to as futures broker) refers to the business personnel who have obtained the qualification certificate of futures broker and handle futures trading on behalf of clients in accordance with these Provisions and the relevant provisions of the Shenzhen Futures Trading Regulations. Article 14 To apply for the qualification of futures broker, the following conditions shall be met:
1. has full capacity for civil conduct;
(2) Having knowledge of finance and market and certain working experience suitable for the business;
3. No criminal punishment;
4. Recommended and guaranteed by members of the futures exchange. Article 15 Futures brokers or other employees shall perform the following obligations:
1. Do not disclose the entrusted matters and other relevant secrets of the parties to futures trading (hereinafter referred to as customers);
2. Do not provide profit guarantee to customers;
Third, it is not allowed to agree to share benefits or bear losses with customers;
4. Do not use the customer's account or name to engage in futures trading for yourself;
5. Do not engage in transactions for customers who have not completed the account opening procedures;
Six, shall not exaggerate or spread false news. Article 16 A commission merchant shall establish a self-regulatory trade association, formulate corresponding trade rules and professional ethics, and popularize the knowledge of futures trading. Chapter III Parties to Futures Trading Article 17 Parties to futures trading refer to citizens, legal persons or other economic organizations that participate in futures trading in accordance with these Provisions.
The parties to futures trading shall meet the following conditions:
1. Having the necessary funds or property to engage in futures trading;
2. It has signed an Entrustment Agreement for Futures Trading with the commission merchant, and has gone through the account opening procedures;
Three, citizens engaged in futures trading should have full capacity for civil conduct. Article 18 When engaging in futures trading, the parties to futures trading shall abide by the relevant laws and regulations and the rules of Shenzhen Municipal People's Government.